3 ms·
Using percentages rather than basis points can be ambiguous. E.g. "1% increase from a 1% rate". Does this mean 1.01% (relative increase) or 2% (absolute increa
by scrlk 4y ago
Using percentages rather than basis points can be ambiguous.
E.g. "1% increase from a 1% rate". Does this mean 1.01% (relative increase) or 2% (absolute increase)?
- matdehaast 4y agoFair enough, I've never heard rate increases discussed in relative terms. The context matters in the case.